Matches in SemOpenAlex for { <https://semopenalex.org/work/W2294828249> ?p ?o ?g. }
- W2294828249 endingPage "40" @default.
- W2294828249 startingPage "21" @default.
- W2294828249 abstract "Keynesian economists has focused on three types of asymmetric effects of monetary policy: (a) asymmetry related to the direction of the monetary policy action (positive and negative), (b) asymmetry related to the size of the monetary policy action (large and small); and (c) asymmetry related to the phase of business cycle in place at the time at which this policy was adopted. This study based on third group, examines the asymmetric effects of monetary gap on inflation in high and low inflation employing a Markov switching regime and P-star model to explain the behavior of inflation in Iran during 1990Q2- 2011Q3. Also, due to the role of money in measuring money stock and monetary gap, simple sum and Divisia monetary aggregates have been used. The results show that the effects of monetary gaps in inflation regimes are not same and investigated asymmetric. Also, these effects in high inflation regimes are weaker than low inflation regimes that it is opposite with conventional view. This matter could be have the reasons as the interruptions of the monetary policy effects, the instability of money demand and more importantly, reduction in velocity of money due to the stagnation in Iran's economy and increase in speculative activities . It is suggested that the Central Bank design the appropriate policies with these regimes. Also, results show that Divisia compared simple sum monetary aggregates is more efficiently. Thus, it seems that Divisia monetary aggregates is a better proxy for examination of the role of money in macroeconomic policies." @default.
- W2294828249 created "2016-06-24" @default.
- W2294828249 creator A5063460559 @default.
- W2294828249 creator A5063759916 @default.
- W2294828249 creator A5067754985 @default.
- W2294828249 creator A5068084796 @default.
- W2294828249 date "2014-01-01" @default.
- W2294828249 modified "2023-09-28" @default.
- W2294828249 title "Asymmetric Effects of Divisia Monetary Aggregates on Inflation in Iran: An Application of Markov Switching Method" @default.
- W2294828249 cites W1502410686 @default.
- W2294828249 cites W1521515229 @default.
- W2294828249 cites W1526449337 @default.
- W2294828249 cites W1537404306 @default.
- W2294828249 cites W1558405672 @default.
- W2294828249 cites W1574015943 @default.
- W2294828249 cites W1964814602 @default.
- W2294828249 cites W1966910378 @default.
- W2294828249 cites W1975696753 @default.
- W2294828249 cites W1978199971 @default.
- W2294828249 cites W1991950581 @default.
- W2294828249 cites W1997563166 @default.
- W2294828249 cites W2004105851 @default.
- W2294828249 cites W2009668327 @default.
- W2294828249 cites W2033203671 @default.
- W2294828249 cites W2044599361 @default.
- W2294828249 cites W2047650261 @default.
- W2294828249 cites W2048840962 @default.
- W2294828249 cites W2065747393 @default.
- W2294828249 cites W2074812030 @default.
- W2294828249 cites W2076287473 @default.
- W2294828249 cites W2079230331 @default.
- W2294828249 cites W2081462490 @default.
- W2294828249 cites W2083299142 @default.
- W2294828249 cites W2083935764 @default.
- W2294828249 cites W2086739523 @default.
- W2294828249 cites W2090627007 @default.
- W2294828249 cites W2090917333 @default.
- W2294828249 cites W2098888995 @default.
- W2294828249 cites W2099675631 @default.
- W2294828249 cites W2106038542 @default.
- W2294828249 cites W2108589011 @default.
- W2294828249 cites W2110656046 @default.
- W2294828249 cites W2114191135 @default.
- W2294828249 cites W2116388354 @default.
- W2294828249 cites W2157895285 @default.
- W2294828249 cites W2159960901 @default.
- W2294828249 cites W2161266377 @default.
- W2294828249 cites W2162970404 @default.
- W2294828249 cites W2165229815 @default.
- W2294828249 cites W2185294450 @default.
- W2294828249 cites W3121595883 @default.
- W2294828249 cites W3121651387 @default.
- W2294828249 cites W3121935849 @default.
- W2294828249 cites W3122420083 @default.
- W2294828249 cites W3122816831 @default.
- W2294828249 cites W3123633745 @default.
- W2294828249 cites W3125060372 @default.
- W2294828249 cites W3125128695 @default.
- W2294828249 cites W3125580691 @default.
- W2294828249 cites W3173060777 @default.
- W2294828249 cites W561387135 @default.
- W2294828249 cites W2184661025 @default.
- W2294828249 cites W2516226244 @default.
- W2294828249 hasPublicationYear "2014" @default.
- W2294828249 type Work @default.
- W2294828249 sameAs 2294828249 @default.
- W2294828249 citedByCount "0" @default.
- W2294828249 crossrefType "journal-article" @default.
- W2294828249 hasAuthorship W2294828249A5063460559 @default.
- W2294828249 hasAuthorship W2294828249A5063759916 @default.
- W2294828249 hasAuthorship W2294828249A5067754985 @default.
- W2294828249 hasAuthorship W2294828249A5068084796 @default.
- W2294828249 hasConcept C105795698 @default.
- W2294828249 hasConcept C121332964 @default.
- W2294828249 hasConcept C126285488 @default.
- W2294828249 hasConcept C162324750 @default.
- W2294828249 hasConcept C178399528 @default.
- W2294828249 hasConcept C185824701 @default.
- W2294828249 hasConcept C186370098 @default.
- W2294828249 hasConcept C200941418 @default.
- W2294828249 hasConcept C33332235 @default.
- W2294828249 hasConcept C33923547 @default.
- W2294828249 hasConcept C50551742 @default.
- W2294828249 hasConcept C556758197 @default.
- W2294828249 hasConcept C88583849 @default.
- W2294828249 hasConcept C97615858 @default.
- W2294828249 hasConceptScore W2294828249C105795698 @default.
- W2294828249 hasConceptScore W2294828249C121332964 @default.
- W2294828249 hasConceptScore W2294828249C126285488 @default.
- W2294828249 hasConceptScore W2294828249C162324750 @default.
- W2294828249 hasConceptScore W2294828249C178399528 @default.
- W2294828249 hasConceptScore W2294828249C185824701 @default.
- W2294828249 hasConceptScore W2294828249C186370098 @default.
- W2294828249 hasConceptScore W2294828249C200941418 @default.
- W2294828249 hasConceptScore W2294828249C33332235 @default.
- W2294828249 hasConceptScore W2294828249C33923547 @default.
- W2294828249 hasConceptScore W2294828249C50551742 @default.
- W2294828249 hasConceptScore W2294828249C556758197 @default.